The 2024 Private Equity Climate Risks Scorecard

The 2024 Private Equity Climate Risks Scorecard reveals that the energy portfolios of 21 analyzed private equity firms are responsible for 1.17 gigatons of annual CO2 equivalent emissions. As of July 2024, 66 percent of these portfolios remain invested in fossil fuels, primarily in upstream fossil fuels, LNG terminals, and coal plants. The report argues that these investments expose firms and their investors—including public sector pension funds—to significant financial risks such as asset stranding, citing the bankruptcy of at least 60 U.S. coal companies between 2012 and 2022. The firms are evaluated against standards including science-based targets, fossil fuel disclosure, energy transition plans, environmental justice, and lobbying transparency.

• The energy portfolios of the 21 private equity firms analyzed in the report generate 1.17 gigatons (1.17 billion metric tons) of CO2 equivalent emissions annually, with concentrations in coal plants, LNG terminals, and upstream fossil fuels.
• As of July 2024, 66 percent of the energy portfolios of the 21 featured private equity firms are still invested in fossil fuels.
• Investments in fossil fuels present significant financial risks, including asset stranding and instability; for example, at least 60 U.S. coal companies filed for bankruptcy from 2012 to 2022.
• EIG Global Energy Partners received the lowest possible grade of F in the scorecard rankings.

APA

Parr, M. (2024). The 2024 Private Equity Climate Risks Scorecard. Private Equity Climate Risks. https://www.peclimaterisks.org/2024scorecard/

Chicago

Parr, Matt. The 2024 Private Equity Climate Risks Scorecard. Private Equity Climate Risks, 2024. https://www.peclimaterisks.org/2024scorecard/.

Wikipedia

{{cite report |last1=Parr |first1=Matt |title=The 2024 Private Equity Climate Risks Scorecard |publisher=Private Equity Climate Risks |date=30 September 2024 |url=https://www.peclimaterisks.org/2024scorecard/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{parr20242024, author = {Parr, Matt}, title = {{The 2024 Private Equity Climate Risks Scorecard}}, institution = {Private Equity Climate Risks}, year = {2024}, month = sep, url = {https://www.peclimaterisks.org/2024scorecard/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }